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Medium Term Expenditure Frameworks: From Concept to Practice. Preliminary Lessons from Africa
| Content Provider | Semantic Scholar |
|---|---|
| Copyright Year | 2002 |
| Abstract | Medium Term Expenditure Frameworks (MTEFs) are receiving renewed attention in the context of the formulation of Poverty Reduction Strategy Papers (PRSPs). Conceptually, MTEFs are the ideal tool for translating PRSPs into public expenditure programs within a coherent multiyear macroeconomic and fiscal framework. But do MTEFs work in practice? With a view to drawing preliminary lessons from experience, this paper undertakes a comparative assessment of the design and impact of MTEFs on public finance and economic management in nine African countries. Based upon this assessment, it offers recommendations and practical guidelines for improving both design and implementation of MTEFs, and sets out a framework for further evaluation. The paper concludes that MTEFs alone cannot deliver improved PEM in countries in which other key aspects of budget management, notably budget execution and reporting, remain weak. The study, therefore, recommends that comprehensive, detailed diagnoses of budget management systems and processes precede MTEFs, in order to ensure appropriate design of reform programs. In countries with weak capacity, in which a full-fledged MTEF, which should be seen as a package of bundled reforms, cannot be introduced all at once, the paper proposes guidelines for sequencing the overall PEM reform program and phasing in its MTEF-specific components. It further recommends that in order to have an impact, the MTEF should be integrated with the budget process from the start, with the MTEF outer year projections published as part of the budget document. Though each country’s situation is distinct, it suggests that these reforms are best managed by a set of overlapping, mutually reinforcing organizational structures, some of which should be specifically established to handle the MTEF, though the Ministry of Finance should have ultimate responsibility. And lastly, it stresses that political motivations and incentives for launching MTEFs explain in part why the MTEF has been more successful in some African countries than others. Authors’ Affiliation and Sponsorship Philippe Le Houerou Sector Manager, AFTP1, The World Bank E-Mail: Plehouerou@worldbank.org Robert Taliercio Young Professional, EASPR, The World Bank E-mail: rtaliercio@worldbank.org THE WORKING PAPER SERIES The Africa Region Working Paper Series expedites dissemination of applied research and policy studies with potential for improving economic performance and social conditions in Sub-Saharan Africa. The Series publishes papers at preliminary stages to stimulate timely discussion within the Region and among client countries, donors, and the policy research community. The editorial board for the Series consists of representatives from professional Families appointed by the Region’s Sector Directors. Editor in charge of the series: Antoine Waldburger, AFTM3, Email: awaldburger@worldbank.org, who may be contacted for hard copies. For additional information visit the Web site http://www.worldbank.org/afr/wps/index.htm, where copies are available in pdf format. The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s). They do not necessarily represent the views of the World Bank Group, its Executive Directors, or the countries that they represent and should not be attributed to them. Medium Term Expenditure Frameworks: From Concept to Practice Preliminary Lessons from Africa Philippe Le Houerou Sector Manger, AFTP1, The World Bank E-Mail: Plehouerou@worldbank.org Robert Taliercio Young Professional, EASPR, The World Bank E-mail: rtaliercio@worldbank.org |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.worldbank.org/wbp/strategies/events/attackpov/nov11_mtef.pdf |
| Alternate Webpage(s) | http://www.worldbank.org/afr/wps/wp28.pdf |
| Alternate Webpage(s) | http://www.biofund.org.mz/wp-content/uploads/2018/11/1542871674-F1671.Medium%20Term%20Expenditure%20Frameworks%20From%20Concept%20to%20Practice_%20Preliminary%20Lessons_Medium%20Term%20Expenditure%20Frameworks.Pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
